Illinois › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Pen Agreement Rockford Powertrain Inc. & UAW and Its Local 803
Sponsored by Powertrain Rockford, Inc., Loves Park, IL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Powertrain Rockford, Inc. of Loves Park, Illinois sponsors Pen Agreement Rockford Powertrain Inc. & UAW and Its Local 803, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 333 participants (8 active) and $17.1M in net assets.
Net assets came to $51,441 per participant, well below the $87,254 median for defined benefit plans with 250 to 499 participants and well below the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $108K: $323 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $144K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $29.8M in 2010 to $17.1M in 2024 (down 42%), and participants from 658 to 333 (down 49%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $51,441 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $323 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.63% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $432 | $596 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 333 | $17.1M | $51,441 | — | — | $108K |
| 2023 | 359 | $19.2M | $53,529 | — | — | $170K |
| 2021 | 400 | $26.4M | $66,048 | — | — | $0 |
| 2020 | 416 | $28.0M | $67,341 | — | — | $151K |
| 2019 | 442 | $27.0M | $61,145 | $111K | — | $126K |
| 2018 | 454 | $24.3M | $53,414 | — | — | $0 |
| 2017 | 473 | $29.7M | $62,869 | — | — | $0 |
| 2016 | 497 | $28.3M | $57,022 | — | — | $0 |
| 2015 | 513 | $29.1M | $56,661 | — | — | $0 |
| 2014 | 535 | $33.0M | $61,720 | $256K | — | $48K |
| 2013 | 567 | $35.6M | $62,815 | $1.8M | — | $89K |
| 2012 | 591 | $30.8M | $52,093 | $1.6M | — | $62K |
| 2011 | 611 | $28.6M | $46,876 | $2.3M | — | $84K |
| 2010 | 658 | $29.8M | $45,275 | $2.5M | — | $90K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$19,216,738
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$305,686
- Benefits paid$2,248,811
- Administrative expenses$143,776
- Total expenses$2,392,587
- Net income−$2,086,901
- Net transfers$0
- Net assets, end of year$17,129,837
Participants
- Active participants8
- Retired or separated, receiving benefits219
- Retired or separated, entitled to future benefits4
- Total participants, end of year333
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Bank of New York Mellon | Custodial (other than securities) | $62,325 | $0 |
| Aon Consulting Inc. | Actuarial | $23,792 | $0 |
| Empower Annuity Insurance Company | Contract Administrator | $15,400 | $0 |
| Crowe LLP | Accounting (including auditing) | $6,000 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Trustee and custodial fees$62,325
- Other administrative expenses$36,259
- Actuarial fees$23,792
- Contract administrator fees$15,400
- IQPA audit fees$6,000
- Total administrative expenses$143,776
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$16.8M · 98.1%
- Pooled separate accounts$319K · 1.9%
- Receivables$285 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCrowe LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 333100: Agriculture, Construction, & Mining Machinery Mfg.
Other plans of Powertrain Rockford, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Walterscheid 401(k) Retirement Plan | 400 | $28.2M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pension Plan for Hollister-Whitney Elevator Corporation Union Employees | Hollister-Whitney Elevator Co. LLC | 342 | $11.0M | $32,029 |
| Retirement Plan for Puerto Rico Employees of Kraft Foods Group, Inc. | Kraft Heinz Foods Company | 320 | $11.2M | $35,038 |
| Ipsen Inc. Employee Pension Plan | Ipsen, Inc. | 357 | $12.0M | $33,689 |
| Employees Pension Plan of United Conveyor Corporation | United Conveyor, LLC | 309 | $21.9M | $70,729 |
| Hollister Pension Plan and Trust for Kirksville, Missouri, Bargaining Unit Employees | Hollister Incorporated | 382 | $21.9M | $57,205 |
| Employees Pension Plan for Sharon Tube Company | Wheatland Tube, LLC | 295 | $86.0M | $291,486 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Pen Agreement Rockford Powertrain Inc. & UAW and Its Local 803?
333 participants at the end of the plan year ending 31 Dec 2024, of whom 8 were active employees, with net assets of $17,129,837. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Powertrain Rockford, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $107,517 in compensation to service provider organisations, $323 per participant or 0.63% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $143,776. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Powertrain Rockford, Inc.. Recordkeeping or administration: Empower Annuity Insurance Company. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by Crowe LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-3585049, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.